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zlopas [31]
2 years ago
6

Stripes Inc. has a noncontributory defined pension plan for its employees. During 2020, the company had service cost of $45,000,

an expected return on plan assets of $9,500, amortization of prior servicecost of $4,000, amortization of net pension loss of $2,000, and benefits paid to employees of $40,000. The January 1, 2020, balance in its projected benefit obligation was $200,000. The discount rate is 8%. Stripes pension expense for 2020 would be?
a. $59,500
b. $61,500
c. $53,500
d. $50,500
Business
1 answer:
ser-zykov [4K]2 years ago
6 0
I think the answer is A
-Have a good day
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On January 1, 2009, Coronado Industries purchased for $690000, equipment having a useful life of ten years and an estimated salv
JulijaS [17]

Answer:

There is not gain in this operation so the answer is $0

Explanation:

There are some journal entries that needs to be done to have a full picture of the statement

* Purchase

Fixed Assets                        690.000

Cash                                                        690.000

* Monthly depreciation

Since, the FA was depreciated during 8 years. Firstly you have to calculate the amount that can be depreciate on a monthly basis

Amount to be depreciated = (Cost of the FA - Salvage value) = (690.000-48.600) = 641.400

Then calculate the yearly depreciation

Yearly depreciation = ((amount to be depreciated/useful life) * years used) =

(641.400/10*8) = 513.120

then the journal entry to record the monthly depreciation for 8 years is

Depreciation expense          513.120

Acc Depreciation                                   513.120

* Post the Journal Entry to record the sell of FA

You have to reverse the Acc Depreciation and credit the FA

Cash                                     152.500

Fixed assets                                         690.000

Acc depreciation                   513.120

Loss on sale of FA                   24.380

6 0
3 years ago
When mcdonald's offered madame alexander gifts in its happy meals, both companies profited from the _____ arrangement?
Olin [163]

<span>The answer is comarketing arrangement. It is a partnership between two or more companies where both companies cooperatively market each other's products. For example, a company who manufacturers video cards may partner with a game software company, and both companies will market each other's related product.</span>

6 0
3 years ago
New cuisine café files a suit in a state court against olive oil inc., alleging a breach of contract. the case proceeds to trial
7nadin3 [17]

Answer:

The answer is A copy of the record on appeal.

Explanation:

NC files a suit in state court against OV, alleging a breach of contract and renders the judgment. If the NC decided to appeal to a state appellate court attorney must file a copy of the record on appeal with prescribed period. Record on appeal contains two parts the legal file and the transcript. The record must be filled in the court within a time period of 90 days.

5 0
3 years ago
Juana looked at her September issue of O magazine and did not see anything of interest. However, after her mother was diagnosed
777dan777 [17]

Answer: attention

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Therefore, we can conclude that the correct option is C.

7 0
3 years ago
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zvonat [6]

Answer:

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Explanation:

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